1997 Minnesota Statutes

     10A.24 Dissolution or termination. 

    Subdivision 1.    Termination report.  No political 
 committee or political fund shall dissolve until it has settled 
 all of its debts and disposed of all its assets in excess of 
 $100 and filed a termination report.  "Assets" include credit 
 balances at vendors and physical assets such as computers and 
 postage stamps.  Physical assets must be listed at their fair 
 market value.  The termination report may be made at any time 
 and shall include all information required in periodic reports.  

    Subd. 2.    Termination allowed.  Notwithstanding 
 subdivision 1, after mailing notice to any remaining creditors 
 by certified mail, a political committee or political fund that 
 has debts incurred more than six years previously, has disposed 
 of all its assets, and has met the requirements of section 
 10A.20, subdivision 7, may file a termination report. 

    HIST: 1974 c 470 s 24; 1978 c 463 s 66; 1990 c 608 art 3 s 9; 
 1993 c 318 art 2 s 19